paymentssource.com Archives - 19 March 2013, Tuesday

The fragile Bitcoin economy will change drastically as companies scramble to obtain the proper licensing in response to guidance from the Financial Crimes Enforcement Network (FinCEN), which categorizes administrators and exchangers of virtual currencies as money services businesses. ...

BIPS has an advantage here because it supports 42 different currencies for converting out of bitcoin at 2.5%, whereas BitPay supports 11 different currencies at 2% fee, and Coinbase offers cash-out only in U.S. dollars at 1% with strict limits. Additionally, the cost of conversion has...

BitPay, which processes payments for merchants in the decentralized digital currency Bitcoin, said Monday it recently secured capital from a group of investors that includes Ben Davenport, a software engineer at Facebook; A-Grade Investments, a venture-capital firm that includes Ashto...

Coinlab Inc., a Bitcoin services company, is partnering with the largest Bitcoin exchange in the world to facilitate Bitcoin transactions in the U.S. and Canada. The deal could promote Bitcoin use, but Coinlab's existing relationship with Silicon Valley Bank could compromise the crypt...

I've always had this nagging feeling about Coinbase’s exchange service and I just couldn't quite put my finger on it. The San Francisco startup receives praise for its simple method of acquiring and selling bitcoins, a digital currency, via one’s U.S. bank account. In fact, Coinbase, ...

The anonymous digital currency Bitcoin, which is already accepted on the Wordpress blogging site, has another mainstream partner. Reddit, the social news and entertainment site, now accepts bitcoins as payment for Reddit Gold, a subscription service. Created in 2009, Bitcoin is a dece...

A group of angel investors including SecondMarket founder Barry Silbert has invested $510,000 in BitPay, a firm that processes payments for merchants in the digital currency Bitcoin. BitPay says it plans to use the new capital to move its headquarters to Atlanta from Orlando and to hi...

Chris Larsen, who disrupted consumer finance in the 1990s and 2000s with E-Loan and Prosper, is seeking to shake up the industry again with Ripple, a peer-to-peer payment and lending system. Ripple looks to improve on Bitcoin, the decentralized virtual currency and payment system that...

Related:

Bitcoin and Beyond: Digital Money in 2012 It's been a rocky year for digital currencies. Facebook began phasing out its Facebook Credits while Bitcoin continues to suffer a bad reputation. However, there are some promising developments on the horizon, with experienced payments provide...

Twitter's immense popularity has caught the attention of many established payment companies and entrepreneurs. Several have attempted to turn the microblogging service into a payment channel, but so far there are few success stories.

Chris Larsen, who disrupted consumer finance in the 1990s and 2000s with E-Loan and Prosper, is seeking to shake up the industry again with Ripple, a peer-to-peer payment and lending system. Ripple looks to improve on Bitcoin, the decentralized virtual currency and payment system that...

Bitcoin-Central, a French digital currency exchange that handles the largely unregulated Bitcoin currency, now operates under French regulation after parent-company Paymium partnered with payment services provider Aqoba. Bitcoin was created as a digital alternative to cash. It has man...

There is no single definition of a mobile wallet. Each product differs vastly in its choice of technology, audience and the basic type of payment upon which it was built  but most fit into a few simple categories.